- Strategies for Pulwama-like attacks trace back to ISI HQ: Christine Fair
- Despite an urgent need, India keeps fighter jet makers waiting for decades
- Will Kim give up N Korea's nuclear crown jewel Yongbyon at Trump summit?
- Incomes fall as cow-related violence scuttles beef, leather exports: Report
- Top trading ideas by Prabhudas Lilladher: Buy Sterlite Tech, REC
- Technical calls from HDFC Securities: Sell MCX, Repco Home Finance
- Asia stocks up slightly, eyes on U.S.-China talks, Fed minutes
- Today's picks: From NTPC to UPL, hot stocks to buy on Wednesday
- Oil near 2019 highs amid OPEC supply cuts, but rising U.S. output weighs
- Top 10 business headlines: Angel tax relief, SIP closure ratio, and more
Olympus reveals 13-yr-old fraud
Olympus reveals 13-yr-old fraud
Vendors wait for customers at a wholesale vegetable market in New Delhi
Wholesale prices rose more than expected in November, leaving inflation stubbornly high and suggesting the RBI would hold rates steady at its review on Friday even as worries grow over the health of the economy.
The wholesale price index, the main inflation gauge, rose 9.11% from a year earlier, slowing from a 9.73% rise in October.
A man deposits his money in a bank in Amritsar
India can do little to check the movement in the rupee, which is driven by external factors, C Rangarajan, chairman of the Prime Minister's Economic Advisory Council, said on Wednesday.
The rupee hit another record low on Wednesday as worse-than-expected inflation data and the US Fed's decision to refrain from new economy-boosting measures heightened concerns that capital outflows from riskier economies could accelerate.
At 12:40 pm, the rupee was at 53.62/63 to the dollar, after hitting an all-time low of 53.75, taking the drop since its July high to 18.4%.
An employee fills a vehicle with diesel at a fuel station in New Delhi
Petrol prices may be hiked by Rs 0.65 per litre this week if state-owned oil firms manage to get political approval for the move.
While a fall in the rupee to an all-time low of Rs 53.75 per US dollar has resulted in an increase in the cost of oil imports, international rates of gasoline -- against which domestic petrol prices are benchmarked -- have also increased, a top source at a state-run oil firm has said.
Olympus Corp's digital camera is seen through a show window which bears rain drops and reflects lights from traffic at an electronic shop in Tokyo
Japan's disgraced Olympus ironed out its crooked accounts on Wednesday, unwinding a 13-year fraud to reveal a $1.1 billion dent in its balance sheet and igniting speculation it would need to merge or sell assets to repair its finances.
The maker of cameras and medical equipment filed five years' worth of corrected statements, plus overdue first-half results, just hours before a deadline set by the Tokyo Stock Exchange, which would have delisted the firm if it had failed.
The most recent restatement, for end-June 2011, showed an 84 billion yen reduction in net assets, and Olympus added that as of end-September, its net assets were just 46 billion yen, down from a restated 225 billion yen in March 2007.
MARCH 23, 2018, FRIDAY
The theme of this year's World Water Day - marked annually on 22 ...1146 views
FEBRUARY 28, 2018, WEDNESDAY
Here’s what the airlines don’t want you to figure out: All it takes ...1468 views
FEBRUARY 22, 2018, THURSDAY
Flying Officer Avani Chaturvedi has created history by becoming the ...1615 views
FEBRUARY 07, 2018, WEDNESDAY
Auto Expo 2018: Concept cars steal the show, two-wheelers not far ...707 views
FEBRUARY 01, 2018, THURSDAY
With national polls looming next year -- and possibly as early as ...617 views